KARACHI: Pakistan’s exports climbed 10% at the start of the new fiscal year, a gain textile industry representatives say risks being undercut by a faster increase in imports of consumer goods that don’t feed back into the country’s manufacturing base.
Trending
Pakistan cuts fuel prices again as crude retreats from war-driven highs
ISLAMABAD: Pakistan cut retail fuel prices for a second consecutive session, as easing global crude benchmarks gave the government room to extend relief to motorists under a new daily pricing mechanism introduced three weeks ago in response to war-driven market volatility.
FM Dar heads to Jordan for talks on Jerusalem crisis
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar left for Amman on Tuesday for a one-day visit, where he is due to join foreign ministers from across the Arab and Islamic world for urgent talks on the deteriorating situation in occupied Jerusalem.
PPP threatens Supreme Court challenge as Kashmir election rigging row deepens
MUZAFFARABAD: Voting finally concluded in two constituencies in Azad Kashmir on Tuesday, three days later than planned, as the region’s already fraught election descended further into acrimony between the two parties that jointly run the federal government in Islamabad.
Pakistan turn to little-known South African to rescue struggling batting line-up
LAHORE: Pakistan have appointed Michael Smith, a former South African domestic batter with no international playing career, as the head coach in charge of resurrecting the national side’s ailing batting line-up, the Pakistan Cricket Board confirmed on Tuesday.
Pakistan, Iran push to triple trade to $10 billion in FTA drive
ISLAMABAD: Pakistan and Iran said talks on a long-delayed free-trade agreement are nearing completion, as the two neighbors moved to capitalize on warming political ties and push bilateral commerce toward a $10 billion target that has eluded them for years.
Entire Lahore police station suspended after officer allegedly ‘raped mentally impaired woman’ on premises
LAHORE: The entire staff of a police station in Lahore has been suspended after a woman said she was raped by an officer inside the building, in a case that has reignited concern over police conduct and the treatment of vulnerable people who come into contact with law enforcement in Pakistan.
Pakistan tightens grip on foreign press with new travel permit rules
ISLAMABAD: Foreign journalists working in Pakistan will be required to obtain official permission before travelling outside the country’s three largest cities to carry out reporting work, under sweeping new regulations issued by the government.
SBP caps bank fees on digital fuel payments to ease retailers losses
ISLAMABAD: Pakistan’s central bank capped fees banks can charge on digital fuel payments, a move aimed at easing pressure on the country’s petroleum dealers after months of complaints that transaction costs were eating into already-thin margins.
Pakistan says power glut replaces electricity shortages, but IMF blocks time-of-use pricing reform
ISLAMABAD: Pakistan has moved past its electricity shortage era and now confronts a different challenge: what to do with too much power in the middle of the day and not enough after dark, according to the country’s power minister, who also said International Monetary Fund program restrictions are blocking a pricing overhaul that could ease the problem.